Economics
Brexit Turmoil Spurs U.K. Investors to Buy Gold, Royal Mint Says
- Sales revenue in January increases 73% from year earlier: Mint
- Brokerage BullionVault reported drop in gold index in December
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British investors are rushing to buy gold as increasing uncertainty over the outcome of Brexit boosts market volatility, according to The Royal Mint.
“We have seen a significant increase in demand for gold this month and at the end of last year, a trend which we have no doubt is largely attributed to Brexit turmoil and subsequent market volatility,” Chris Howard, director of precious metals at The Royal Mint, said in a statement on Monday.